Key Takeaways - If You Deposit a Lot of Cash, Does Your Bank Report It to the Government? Depositing $10,000 or more in cash means your bank or credit union will report it to the federal government.

The law applies to all businesses and must be reported on IRS Form 8300. The identity of both parties and the nature of the transaction must be disclosed. Individuals who fail to file can be ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act of 2017 (TCJA) may have gotten a reprieve. The sweeping tax legislation is ...

Businesses or trades who got paid $10,000 or more in cash for transactions will have to file an 8300 form for each one. “We, as business owners, now we need to report to the IRS the identity of ...

Tax filing season starts on January 27th, with this year’s season bringing some new requirements, according to Tyler CPA Juan Martinez.